November 16, 2017 IBOMLLC Team

Ecobank Group Research reveals three key emerging trends for Africa

Ecobank Group

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Indicating a positive outlook for the continent, three key trends are forecast to take hold during the next 12 months.

The first indicated an economic rebound in sub-Saharan Africa driven by a recovery in the region’s economic heavyweights Nigeria and South Africa, and ongoing growth in the top performers, Ethiopia, Côte d’Ivoire and (more recently) Ghana.

Growth will be driven by a rise in oil production (notably in Ghana, Republic of Congo, Nigeria, and Angola), strengthening infrastructure investment across West and East Africa, and improved weather conditions which abode well for crops.

Strengthening economic activity, plus a moderate improvement in oil and mineral prices, will help narrow the current account deficit, but pressure on SSA currencies …read more

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